How drugmakers can keep pledge and still deliver

The New York City headquarters of Pfizer. The company is one of several trying to develop a vaccine for COVID-19. (AFP)
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Updated 10 September 2020
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How drugmakers can keep pledge and still deliver

  • Drugmakers, seeking to bolster public confidence amid political squabbles on Tuesday pledged to uphold scientific safety and efficacy standards in their quest for a vaccine

NEW YORK: As questions mount over whether the US will authorize a coronavirus disease (COVID-19) vaccine ahead of November’s elections, experts say there is a slim chance that enough evidence will be available to prove one is safe and effective in that time frame.

US President Donald Trump has repeatedly said a vaccine is possible before Nov. 3, and accused a “deep state” within the nation’s top health regulator of trying to slow clinical trials to hamper his chances at a second term.

The US Food and Drug Administration (FDA) refuted that claim, saying its decisions were guided by data. Drugmakers, seeking to bolster public confidence amid political squabbles, on Tuesday pledged to uphold scientific safety and efficacy standards.

However, comments from companies suggest they could have an answer in that time frame.

“It would really be an amazing vaccine to show that,” Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told Reuters.

Fauci said initial trial results are likely to become available in November or December, but late October remains a possibility. “It is conceivable that if there are enough infections documented early on that you might get that answer earlier,” he said.

Vaccines must demonstrate they are at least 50 percent more effective than a placebo to be considered for approval. To prove that, government officials have said, at least 150 COVID-19 infections must be recorded among trial participants with at least twice as many occurring among the placebo group.

If a vaccine is especially effective, companies could have their answer sooner. Pfizer Inc. and Moderna Inc., whose US vaccine trials have enrolled thousands of people and are the most advanced, say they may have proof after just a few dozen become infected.

Independent panels of experts called data and safety monitoring boards (DSMB) will review trial data at pre-specified points. These boards can recommend companies stop trials if evidence is overwhelmingly positive or negative.

For Pfizer, the first interim look occurs when 32 trial volunteers get infected.

Experts interviewed by Reuters cautioned that information gleaned from a limited number of subjects could miss important safety issues.

Pfizer’s trial calls for four interim analyzes by the DSMB, the first after just 32 recorded infections. “We may have enough data to be able to share the first analysis by October,” said Pfizer spokeswoman Jerica Pitts.

Moderna’s first interim analysis will come after 53 trial subjects become infected, the company told investors last month.

Basing a decision on 53 cases, is “an absolutely insufficient number,” said Dr. Gregory Poland, a vaccine researcher at the Mayo Clinic in Rochester who has advised the FDA. “You would know very little about safety.”

To halt the trials due to positive results, vaccines would likely have to exceed the 50 percent efficacy threshold.

Pfizer has not disclosed what standard will be used for stopping its trial early. William Gruber, head of vaccine clinical research and development for Pfizer, said “the standard would be evidence of very high efficacy.”

A senior US official said companies had created appropriate trials to hold interim analyses that could detect effective vaccines earlier.

Although both drugmakers began vaccinating people in their respective 30,000-subject trials on July 28, Pfizer is in position to generate results earlier in part because it has administered the second shot of its two-dose vaccine a week earlier than Moderna. Moderna also slowed enrollment to ensure greater participation of at-risk minorities in its study.

Pfizer’s trial also collects data on infections that occur a week after it administers its second shot. Moderna has a two-week lag between the second shot and when it begins collecting data.

Dr. Henry Miller, a senior fellow at the Pacific Research Institute think tank and former director of the FDA’s office of biotechnology, said an emergency use authorization based on a small number of infections would not deliver an adequate answer on the safety of a vaccine intended for use by millions of healthy people. Some side effects could take four to six months to occur, he said.

Dr. Gregory Glenn, research chief for Novavax Inc, which is also developing a vaccine, said the October timeline was possible, but would likely be longer.

“I just think humility is a good thing right now,” he said. “The FDA set out some pretty strict criteria for success. So that’s going to take a pretty good vaccine to do that.”


Saudi POS spending jumps 28% in final week of Jan: SAMA

Updated 06 February 2026
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Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors. 

POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity. 

Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million. 

Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million. 

Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million. 

Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week. 

The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week. 

In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.  

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.  

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.